The OGBL, LCGB and Aleba trade unions have issued demands for a new collective agreement to be negotiated within Luxembourg's banking and insurance sectors.

The current agreements have drawn criticism over certain points from the unions, according to a joint statement published by ALEBA, OGBL and the LCGB, which suggested that managers hired in both sectors should be included within the collective agreement.

In addition, the unions call for better pay for staff, as well as more training and additional leave benefits.

Businesses should also implement preventive measures to reduce health risks, mainly linked to mental health, while the unions also demand an improved working model for remote work, as well as improvements for union members.

Negotiations with the ACA are set to begin on 14 December for the insurance sector, while banking institutions will begin the first round of negotiations to renew the collective agreement on 15 December.